New York–The Community Preservation Corporation (CPC) recently launched its CPC Energy Benchmark Plus, a program to collect energy data from multifamily property owners and to help owners reduce operating costs.
CPC Energy Benchmark Plus will also help owners of buildings larger than 50,000 square feet comply with the City’s newly enacted Local Law 84 by providing all the energy usage information that the City will require from these owners by May 1 of this year.
Compiled by CPC loan officers who have been trained to perform energy and water usage analysis, the data will provide hard cost information showing owners how their buildings compare to similar NYC buildings in energy and water usage, and how they can begin to realize operational savings. The data will provide a baseline, or benchmark, of present energy usage on a building-by-building basis.
CPC Energy Benchmark Plus complements the City of New York’s PlaNYC commitment to reduce greenhouse gas emissions by 30 percent by 2030. For the service, CPC will charge a $400 fee per building.
CPC loan officers will collect energy data from property owners, benchmark the buildings using the U.S. Environmental Protection Agency format and submit the results to the City.
“This will open up a dialogue with an owner who has a building which uses too much energy. We may be able to provide financing for the property’s green retrofit through our Green Financing Initiative,” says Michael Lappin, president and CEO of CPC.